8973 Alexander Ave 5 Unit Apartment Building Offered at $1,175,000 at a 6.02% Cap Rate South Gate, CA 90280

Presenting a rare opportunity to acquire a well-maintained, extensively renovated 5-unit multifamily property in a prime South Gate location. The property has undergone significant capital improvements, including a new sewer line, new walkway and deck, complete electrical system upgrades (panels, wiring, and subpanels), new plumbing, new heaters, a new roof, and exterior paint and windows, providing investors with a truly turnkey asset and minimizing future capital expenditure requirements.
The property features a detached 2bd + 1ba single-family residence with a private front lawn and four 1bd + 1ba units sit at the rear of the lot, offering strong tenant appeal and stable rental demand. Additionally, the existing onsite garages present a potential opportunity for ADU conversion, creating a compelling value-add component and future income growth potential. Combining a desirable location, extensive renovations, and potential upside through ADU development, this property represents an outstanding investment opportunity in one of Los Angeles County's most sought-after rental markets. All showings and inspections are contingent upon an accepted offer.